The recent annual report of the Economic Commission for Latin America and the Caribbean (ECLAC), “Economic Survey of Latin America and the Caribbean 2026. Growth and productivity in a context of high informality: limitations and challenges to boost productive formalization in the region,” indicates that economic growth It could reach 2.2 % this year and 2.5 % in 2027.

The commission believes that even if these projections are met, the indicators would be insufficient to “sustainably raise per capita income, close development gaps, and significantly expand policy space.”

The region is not immune to factors currently impacting the international context, such as slower global growth, geopolitical tensions, financial volatility, fiscal policies, and pressures in energy markets.

However, ECLAC emphasizes that low levels of investment, weak productivity growth, the decline in formal job creation, and high and persistent informal employment are the biggest obstacles to regional growth.

The Executive Secretary of ECLAC, José Manuel Salazar-Xirinachs, highlights some achievements of Latin America and the Caribbean in terms of macroeconomic stability, but notes that there is still work to be done to overcome slow growth, increase investment and productivity, and achieve productive formalization that “strengthens the capacities of individuals and businesses, expands social protection, and generates more quality formal jobs.”

M.Pino

Source: cepal

(Reference image source: Dominik Lückmann on Unsplash)

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La entrada ECLAC projects regional growth of 2.2 % this year and 2.5 % in 2027 apareció primero en Bitfinance.

Argentina is currently in a strong position in the oil production arena, with a daily increase of 32.6 % since 2023, when Javier Milei assumed the presidency.

“In addition to the slowdown in inflation and the reduction of poverty, there is now another piece of data of enormous strategic importance: daily oil production has increased by 32.6 %,” according to official data from the Ministry of Economy, which shows that the country “went from producing 677,118 barrels per day in December 2023 to 897,722 in June 2026.”

In short, Argentina is about to surpass 900,000 barrels per day and is getting closer to a figure that for years seemed out of reach: one million barrels per day.

Changes with Milei’s rise to power

The Argentine president initiated an economic transformation starting in late 2023, promising to “drastically reduce the size of the state, put public finances in order, and eliminate many of the obstacles that for decades hindered private investment.”

Oil production has contributed to the economic recovery, increasing production by more than 220,000 new barrels per day between December 2023 and June 2026.

M.Pino

Source: gaceta

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La entrada Argentina produces 33 % more crude oil under Javier Milei’s administration apareció primero en Bitfinance.

During a meeting between the Central Bank of Venezuela and representatives of public and private banks, key issues for the country’s economy were discussed, including monitoring monetary liquidity, inflation, and exchange rate control.

This high-level meeting also included the participation of the Sectoral Vice Presidency for the Economy, the Superintendency of Banking Sectors (Sudeban), and the Vice Ministry of Digital Economy, Banking, Insurance, and Securities.

Local media reported that this meeting “comes days after the Central Bank of Venezuela (BCV) reported that June inflation reached 13.8 %, reversing the downward trend of May (6.3 %) and raising the accumulated inflation rate for 2016 to 129.8 %.”

Improving the efficiency of the foreign exchange desks was also a topic discussed at the meeting, amidst a BCV strategy to move towards the nation’s economic normalization, with the aim of reducing exchange rate distortions and contributing to price stability.

M.Pino

Source: alnavio

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La entrada Central Bank of Venezuela (BCV) coordinates strategies with national banks to control inflation and stabilize the exchange rate apareció primero en Bitfinance.

The Central Bank of Venezuela revealed that during the month of June, the National Consumer Price Index (INPC) reached 13.8 %. It also highlighted that the accumulated inflation rate for the first half of 2026 was 129.82 %.

“The result for the last month represents the third highest rate so far this year. The June figure was only surpassed by January’s 32.6 % and February’s 14.6 %. Thus, accumulated inflation during the first half of 2026 climbed to 129.82 %, while the annualized rate rose to 544.13 %.”

By sector, transportation led the increases across the different categories with a rise of 16.2 %. Education came in second with a 15.2 % increase, followed by housing at 14.9 % and health at 14.8 %.

In the recreation and culture category, the increase was 14.2 %, while household goods rose by 14.0 %. The groups of alcoholic beverages and tobacco, miscellaneous goods and services, and restaurants and hotels all saw an identical increase of 13.8 %.

The table registered the smallest increase in the communications sector, with 13.6 %; clothing and footwear at 13.3 %; food and non-alcoholic beverages at 13.1 %; and housing rentals closed with a variation of 10.9 %.

M.Pino

Source: analitica

(Reference image source: Mordo Bilman on Unsplash)

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La entrada The Central Bank of Venezuela reported an inflation rate of 13.8 % in June apareció primero en Bitfinance.

The use of stablecoins in everyday payments in Latin America continues to increase. Digital currencies are a response to factors such as inflation, monetary weakness, financial volatility and difficult access to dollars.

In various LA countries “the so-called digital dollars are beginning to be used to pay, save and send money, beyond crypto trading.”

Venezuela, Brazil, Mexico, Colombia and Argentina set the trend in the region in terms of the adoption of payment systems based on “digital wallets, QR codes, cards”, as well as increasingly efficient and secure applications and platforms.

The currencies of these countries are converted to stablecoins such as USDT or USDC or cryptocurrencies such as bitcoin.

Traditional banking users now see digital assets as an everyday means of payment, not as a means of investment. The growth in the use of stablecoins in Latin America is linked to “specific needs: protecting purchasing power, moving money between countries, accessing a more stable unit of account and making payments without always depending on the traditional banking system.” Added to this is sending money to relatives in other countries in the format of remittances.

M.Pino

Source: cripto247

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La entrada The use of stablecoins for everyday payments is growing in Latin America apareció primero en Bitfinance.

The US Federal Reserve decided on June 17 to maintain interest rates at 3.50%–3.75%. The decision resulted from a unanimous vote by the FOMC.

According to the FOMC’s statement, “productivity and capital investment remain strong, while job gains are keeping pace with the labor force.”

Regarding the unemployment rate in the country, the FOMC noted slight changes in recent months. The Fed also confirmed that it will maintain ample reserves in the banking system, a strategy to provide liquidity.

Despite improvements in some indicators, inflation continues its upward trend and remains above the 2 % target, “driven in part by supply shocks that have raised prices in sectors such as energy.”

The committee stated that the economy “continues to show resilience, although it acknowledged that the international situation adds short-term risks.”

M.Pino

Source: finanzasdigital

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La entrada The Fed unanimously decided to keep rates in the 3.50 %–3.75 % range apareció primero en Bitfinance.

The United States experienced its largest increase in year-over-year inflation in three years in May, reaching 4.2 %.

According to analysts, “this spike is in line with market expectations, which anticipated the continuation of an upward trend driven by higher energy prices due to the war in Iran.”

In May, energy prices rose 3.9 %. Furthermore, “inflation in energy products accounted for more than 60 % of the overall monthly increase.” Meanwhile, year-over-year, food prices increased by 3.1 %.

Core inflation — which excludes the impact of volatile energy and food prices — rose to 2.9 % year-on-year last month, slightly above April’s 2.8 %.

M.Pino

Source: elconfidencial

(Reference image source: Hobi industri on Unsplash)

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La entrada US inflation rises 4.2 % in May apareció primero en Bitfinance.

The sustained slowdown in the Consumer Price Index (CPI) in Venezuela supports the recent statement by the president of the Central Bank of Venezuela (BCV), Luis Pérez, regarding single-digit inflation starting in May.

The sustained slowdown in the CPI has allowed the strengthening of purchasing power and economic predictability.

Pérez emphasized in an official statement that “the stabilization of the foreign exchange market has been the fundamental anchor for this achievement. Thanks to a plan that includes a foreign exchange intervention of more than $1.35 billion for the month of May, the central bank guarantees the necessary fluidity and lubrication for the national productive sector.”

Pérez underscored that Venezuela is currently positioned as the fastest-growing economy in Latin America this year, and cited projections from several international organizations: ECLAC places Venezuela’s growth at 6.5 %; the UNDP forecasts a GDP increase of 7.4 %; and the International Monetary Fund estimates growth of 4 % for 2026 and up to 6 % for 2027.

M.Pino

Source: ultimasnoticias

(Reference image source: file)

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La entrada Venezuelan central bank projects single-digit inflation starting in May apareció primero en Bitfinance.

Last week, Jerome Powell chaired the Fed’s final meeting, keeping rates between 3.5 % and 3.75 %, before being replaced by Kevin Warsh at the end of the month.

In an official statement, the Federal Reserve indicated that inflation in the United States is high, adding that “developments in the Middle East are contributing to a high level of uncertainty about the economic outlook.”

State-level representatives noted that due to the conflict with Iran, the Fed is currently facing the price of oil above $100 a barrel, as well as increased fuel costs and a rising unemployment rate.

Regarding the transition after Warsh’s confirmation by the Senate, it is hoped that it will bring some calm to the problems facing the US economy.

M.Pino

Source: forbes.com.mx

(Reference image source: Anne Nygård on Unsplash)

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La entrada Fed leaves rates unchanged apareció primero en Bitfinance.

U.S. President Donald Trump indicated that he will announce the successor to Jerome Powell, current chairman of the Federal Reserve (Fed), in early 2026.

Trump stated that he had offered the position to Treasury Secretary Scott Bessent, but the official does not want it. On the other hand, his chief economic advisor, Kevin Hassett, has emerged as the favorite in recent days.

In any case, “the appointment of Donald Trump’s candidate must be validated by the Senate, which has a Republican majority.”

If elected to succeed Powell, whose term ends next May, Hassett, who holds a doctorate in Economics, “will have to convince the rest of the political class and investors that he will not allow inflation to spiral out of control. And that he is capable of preserving the independence of an institution that he himself has helped to criticize in recent months.”

M. Pino

Source: eleconomista

(Reference image source: Joshua Hoehne on Unsplash)      

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La entrada New Fed chair to be announced in 2026 apareció primero en Bitfinance.